The Fanatic TZ indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator is designed to help traders find profitable entry and exit points in the market. It does this by analyzing the price action of the currency pair and looking for patterns that indicate a potential trend reversal. The indicator also uses a set of proprietary algorithms to help identify support and resistance levels, as well as momentum changes in the market. The indicator works by plotting a number of different lines on the chart. These lines represent the different levels of support and resistance, as well as momentum changes in the market. The indicator also includes a number of different colors to help the trader identify the different levels. The colors are also used to help the trader identify when a potential reversal is taking place. The indicator is also suitable for both short-term and long-term trading strategies.
The Fanatic TZ forex indicator is a popular and free tool for MT4 traders. This useful indicator is designed to help traders identify and take advantage of profitable trading opportunities in the Forex market. It is a great tool for both novice and experienced traders, as it can help to identify trading opportunities and increase profitability.
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Category: Price Action
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.